The recent Forbes report awarded the tag of world's most powerful woman of the year 2008 to German Chancellor Angela Merkel. It is the third straight year when Merkel topped the Forbes magazine list of top 100 women based on their career, economic impact and media coverage.
Sheila Bair, who chairs the US Federal Deposit Insurance Corp that insures bank deposits, debuts at No. 2 due to her increased prominence amid a stumbling US economy. The other ladies in top 10 included the chief...
